Deutsche Bank cut its price target for Spanish construction group ACS to €129 from €135, but Bloomberg consensus still sees a potential upside of more than 40%, implying a target of €130.58.
ArcelorMittal announced it will close its Ukrainian plant in Kryvyi Rih following Russian attacks that killed workers, and expects to record a $1 billion impairment charge.
ArcelorMittal says it has no clear visibility on whether the additional costs of its new electric‑arc furnace at its flagship low‑carbon plant can be transferred to customers, putting the price of green steel to the test.
Deutsche Bank sharply increased its valuation of Spanish construction group ACS, lifting its target price by 61% and recommending the shares as a buy, giving a strong boost to the company’s recent stock rally.
JPMorgan analysts significantly raised their valuation assessments for ArcelorMittal and Acerinox, prompting investors to accelerate their positioning in both Spanish-listed steel companies on the Ibex index.
Repsol, the Spanish petroleum company, is distributing a dividend of 0.55 euros per share on July 8, 2026. The stock has appreciated 41.1% in 2026 and offers a dividend yield of approximately 5%, complemented by an active share repurchase program.
ArcelorMittal, ACS, and Repsol were the top performers of Spain’s Ibex 35 stock index in 2026, each gaining more than 40%, significantly outperforming the index’s overall gain of 8.42%.